Ribbon Comms's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Ribbon Comms (NASDAQ:RBBN) is set to release its quarterly earnings on October 23, 2024. Analysts expect an EPS of $0.06. The company's past performance shows significant stock price volatility following earnings announcements. Currently, Ribbon Comms has a 'Buy' rating with a price target of $5.0, indicating a potential 47.06% upside. Despite challenges in revenue growth and profitability, the company maintains a strong net margin and effective debt management.
October 22, 2024 | 7:02 pm
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Ribbon Comms is expected to announce its quarterly earnings with an EPS of $0.06. The stock has shown significant volatility post-earnings in the past. Analysts maintain a 'Buy' rating with a $5.0 price target, suggesting a potential 47.06% upside. Investors should watch for guidance as it could significantly impact stock price.
The upcoming earnings announcement is crucial for Ribbon Comms, as past earnings have led to significant stock price movements. The 'Buy' rating and price target indicate positive sentiment, but actual results and guidance will be key determinants of short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100